Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 18,536
First, they make money on the trades... that is how we have these big trading houses... it is not a direct deduction from your account but shaving a bit on the prices selling or adding a bit when buying...
Second... if they have these 'portfolios'... then make a MF out of it and do all the trading in that MF... there should not be 80 small trades to rebalance a portfolio...
I agree that 7% is not that great... I just checked my Schwab account and my worst account is 11%... all accounts are about 15%...
She needs to get out of that account and stop paying money to someone who does not know what they are doing...
Second... if they have these 'portfolios'... then make a MF out of it and do all the trading in that MF... there should not be 80 small trades to rebalance a portfolio...
I agree that 7% is not that great... I just checked my Schwab account and my worst account is 11%... all accounts are about 15%...
She needs to get out of that account and stop paying money to someone who does not know what they are doing...